Settings8H · net · $10k
Funding arb · Price arb /

AXS

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: KuCoin against Lighter−0.150%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.150% cheaper against Lighter than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AXS1.06460.0096pay 0.0012% / 1h21m 53s$36K$43K5x
ShortKuCoin AXSUSDTM1.06300.0100get 0.0050% / 4h21m 53s$586K$290K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.150% → 0.000%
−$15.03
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$26.19
Costs to cover
0.120%
Break-even
225.2 days
Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell KuCoin live order book, 12 min ago4.69 bp125.4 bp −$125307.8 bp −$3,078doesn't fitdoesn't fit
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AXS on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AXS/USDC PERP+0.0033%1h1.0580−0.620%$1K$48K5.5xas long as short
BloFin AXS-USDT+0.0094%4h1.0619−0.254%$281K$29K75xas long as short
Orderly PERP_AXS_USDC+0.0094%4h1.0620−0.244%$3K10xas long as short
Lighter AXSlong+0.0096%1h1.0646long leg$36K$43K5x
Hyperliquid AXS+0.0100%1h1.0625−0.197%$256K$705K5xas long as short
Aster AXSUSDT+0.0100%4h1.0626−0.189%$72K$17K10xas long as short
Binance AXSUSDT+0.0100%4h1.0622−0.225%$5.9M$10.9M75xas long as short
Bybit AXSUSDT+0.0100%8h1.0623−0.216%$3.6M$4.3M75xas long as short
OKX AXS-USDT-SWAP+0.0100%4h1.0622−0.225%$1.4M$3.0M20xas long as short
Gate AXS_USDT+0.0100%8h1.0625−0.197%$840K$535K50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AXS_USDT+0.0100%4h1.0616−0.282%$11.5M$705K50xas long as short
KuCoin AXSUSDTMshort+0.0100%4h1.0630−0.150%$586K$290K50x
Bitget AXSUSDT+0.0100%4h1.0610−0.338%$3.1M$1.2M50xas long as short
Variational Omni AXS+0.0100%8h1.0623−0.220%$36K$953as long as short
GRVT AXS_USDT_Perp+0.0100%4h1.0620−0.244%$760K$888K10xas long as short
SunX AXS-USDT+0.0100%4h1.0629−0.160%$2K$1.4M20xas long as short
SoDEX AXS-USD+0.0100%1h1.0618−0.263%$758$3K5xas long as short
Extended AXS-USD+0.0104%1h1.0616−0.285%$8K$251K10xas long as short
BingX AXS-USDT+0.0200%4h1.0621−0.235%$2.6Mas long as short
Kraken Futures PF_AXSUSD+0.0651%1h1.0632−0.129%$145K$350K20xas long as short